do you do mining or staking?

[KimmyF]

If you can best is both. Stacking cardano and mining ETH or something else. With price going up probably for most alt you cant be wrong at the moment.

Still, Ethereum mining is profitable. Ethereum full-scale hasn't been released yet until Ethereum mining could be profitable. From now on, all top coin mining will be profitable, but later this year the situation could be changed. For staking top 10-20 coins, I would prefer for the long term. Stellar staking rewards I got but a few numbers of amount.

[RussianEnglishTranslation]

there is many staking or mining coins.
staking coin like Tron or Vechain
or software mining coin like Pie or Pando

i do software mining with pie and pando both but
i have Tron and Vechain more than them.
but i stock them in exchange. because it is not easy to respond quickly.
and.. Pie or Pando, i just gathering through app or browser. i just keep it still.
but i don't know whether it can be big money or not.
Pando was listed on Bittrex but Pie is not yet.(i think Pie have no plan to register on exchange)

i just want to hear your investing strategy with staking or software mining,

You can easily mine 0xMonero on any older model GPU, even if it only has 2GB of RAM. You can stake 0xMR LP tokens from Uniswap on Unicrypt.

[Claudio99]

there is many staking or mining coins.
staking coin like Tron or Vechain
or software mining coin like Pie or Pando

i do software mining with pie and pando both but
i have Tron and Vechain more than them.
but i stock them in exchange. because it is not easy to respond quickly.
and.. Pie or Pando, i just gathering through app or browser. i just keep it still.
but i don't know whether it can be big money or not.
Pando was listed on Bittrex but Pie is not yet.(i think Pie have no plan to register on exchange)

i just want to hear your investing strategy with staking or software mining,

You can easily mine 0xMonero on any older model GPU, even if it only has 2GB of RAM. You can stake 0xMR LP tokens from Uniswap on Unicrypt.

It would have been great if this 0xMonero was built on its own blockchain but it's an ERC20 token that's why I don't like the project, minable or not still sucks because of high gas fee too and another problem is lack of adoption, the 24 hrs trading volume is a little over 2000$, I won't dare mine such coin

[CryptopreneurBrainboss]

Lets look at how affordable

In growing market, I think there are more opportunities to earn money without staking.

Quite true but do realize this other method has very high risk associated with them. With trading, you risk losing your coins when you want to outsmart the market and yours gains when you sell too early, missing out on future profits. Mining has high cost associated with it. Not every can afford the mining equipment but I'm sure most users can afford the minimum amount needed in most project to partake in her staking activity.

I'll prefer staking over mining although I think as enthusiast we should embrace both. While the bullish market isn't favorable to staking per se, you can still take advantage of the bearish season to accumulate as many coins as possible then stake them. Staking are for bearish season, it helps scare off the pressure of selling your coins if they're dumping.

[Pamadar]

Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.

Staking is not that easy as you said, you need to make sure that the project you plan to stake is a top altcoin or risk losing your money before your staking cycle is over, I will only stake coins on top 10 coinmarketcap rank

Correct, Staking is profitable if you manage to pick the right project to invest your money.

There are selections of staking coins out there but you have to really sort things out, you need to find deeper information to avoid
losing your chances, as there's also possibilities that with the wrong timing you'll lose the value of your investment in a split seconds.
Don't just buy and stake do your deeper research.

[Mauser]

I tried out some mining a few years back but it didn't end up being very profitable. In hindsight I just didn't have the proper setup and should have invested first in some proper hardware. Now I don't think mining is a good idea for me anymore. I would like to do some staking instead but for that I need more coins first. Maybe in 6 to 12 months I could start staking.

[fullhdpixel]

Staking is profitable if you manage to pick the right project to invest your money.

There are selections of staking coins out there but you have to really sort things out, you need to find deeper information to avoid
losing your chances, as there's also possibilities that with the wrong timing you'll lose the value of your investment in a split seconds.
Don't just buy and stake do your deeper research.

Staking became something totally else with the increase in the defi projects, the proof of stake staking and defi staking are two different things. They are not totally different things obviously, but proof of stake staking is a lot less earner with a lot less risk, while defi staking is a lot more earning with a lot more risk as well.

I have seen too many 1000%+ APY in the defi staking world for example, not because it made sense but because they wanted to get investors, and during the first early days getting LP is the most important thing in the defi world, if you do not get LP you will be left behind, which is why it is obvious that projects pay huuuuuge amounts of APY to get investors. Honestly I like proof of stake, but the defi staking is a bit more challenging, I like them as a fun side thing, but would I invest my money there in serious amounts? I doubt so.

[Mariangle Blocker]

Stake. Miming costs time

[Eco_111]

Stake. Miming costs time

Really? Stake is the one that costs time here, you aren't getting any reward every day until your staking period is over, if it's annual then you have to wait till after a year to get paid, but for mining things are different, you get paid every day and you can decide to withdraw every week or months too, mining gives full freedom and control

[youdacapt]

Stake. Miming costs time

Really? Stake is the one that costs time here, you aren't getting any reward every day until your staking period is over, if it's annual then you have to wait till after a year to get paid, but for mining things are different, you get paid every day and you can decide to withdraw every week or months too, mining gives full freedom and control

Yes you are right about staking taking time; but on the smart chain (pancakswap to be precise) you can join a staking pool anytime and as well harvest your stakes or unstake at basically anytime. In generally; it is safe to say that both mining and staking takes time to yield; the true question is how much are you mining per day ? how much doe your stake yield daily? this is what you should look into and let it guide your decision about staking or mining

[Phoenix_PROG]

Stake. Miming costs time

Really? Stake is the one that costs time here, you aren't getting any reward every day until your staking period is over, if it's annual then you have to wait till after a year to get paid, but for mining things are different, you get paid every day and you can decide to withdraw every week or months too, mining gives full freedom and control

Yes you are right about staking taking time; but on the smart chain (pancakswap to be precise) you can join a staking pool anytime and as well harvest your stakes or unstake at basically anytime. In generally; it is safe to say that both mining and staking takes time to yield; the true question is how much are you mining per day ? how much doe your stake yield daily? this is what you should look into and let it guide your decision about staking or mining

There is not much difference between the two, some are saying it cost more to build a rig but that's same with staking too, it's all about target, if you want to earn 20$ per day on staking you have to hold huge amount of the coin, you could be spending thousands of dollars on the coin to stake, isn't it same it mining coins?

[Phoenix_PROG]

The reason why I prefer mining is the freedom and peace of mind, with staking it's easier  to think that the coin can lose value or turn dead any time but when mining even if the profit goes lower you can switch to another coin and keep mining, nothing comes close to the freedom you get in mining.

[Greatdev]

I like staking but I don't feel as ease when trusting my tokens with any third-party platforms, I prefer staking in wallets like atomic wallet but I just happen to like mining better because it's in line with my work ( computer engineering ) so I find mining to be fun and now it's more than a hobby

[go1lo2va3]

i just want to hear your investing strategy with staking or software mining

I tried software and hardware mining, but overall staking is more profitable

[makishart]

i just want to hear your investing strategy with staking or software mining

I tried software and hardware mining, but overall staking is more profitable

It's caused by you didn't need to pay a lot for the electricity and maintain your mining rig. Just send it to the staking address and you will be able to earn the passive income.
Remember staking is also available in the stable coin too and that gives more advantage for us.

[max6575]

yes we have chance to work on customs of developed program to mine bitcoin or more of altcoin as they have offers with the option to mine. and defining use with the initials to counts of spares on difference as how much we might gains as the decision on mine by the blockchain server.

[kkaroul4]

Just trading, I don't really have big capital to do staking, well if you stake it's just around 2%-10% annually and if you are mining it took you many months before you can recover your investment. While in trading you can have 5% or more in just one day, if you really are a good trader.

[elisabetheva]

Just trading, I don't really have big capital to do staking, well if you stake it's just around 2%-10% annually and if you are mining it took you many months before you can recover your investment. While in trading you can have 5% or more in just one day, if you really are a good trader.

I am the same as the colleague above and not really interested in mining, because the equipment is quite large and the cost is not small, so staking is clearly impossible for me to do at a time like this. the most likely thing is trading the same as the partners above, because this requires patience and good analysis and full confidence in the abilities we have in order to produce the best. this is where we are required to be able to provide our experience to analyze well.
there is a sense of satisfaction in being successful with what we do.

[lumierre]

Definitely prefer staking though, don't need to go through all the hurdle and obstacle of setting up some mining rigs instead with staking I could simply join a staking pool or set up my own node and get done with it.
Also, with mining the profitability depends on your location and many factors it's just not worth it to solve all that problem when you're an individual with relatively low hashrate. Unless I got quite huge hashrate ready to fire up I won't be touching mining again maybe until things changes like difficulty getting lowered or such.

Mining has lost its relevance. Mining is no longer an outlet for the card, the equipment for it has risen in price. To start mining, you need a very large starting capital. Moreover, there is no guarantee that the costs will pay off. Therefore, I think staking is much more profitable.

[exobyte]

I like coins that have both PoW and PoS. Full PoS coins are not my thing, I don't mind spending money to mine as I usually hold my coins. However, with PoS, I feel I am trading and am just paying a higher price for people who bought a few days before me.